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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Mar 20, 1920
Page
12
The market remained active and strong yet uneven with numerous small losses offsetting gains. Steel and Bigheart led intraday action while Copper stocks softened amid large scrap metal offerings and weak copper prices.
The Coca Cola Bottling Corporation Massachusetts announces a quarterly dividend of 1.75 per share on preferred stock and a monthly dividend of 0.50 per share on common stock. Dividends payable April 2, 1020 to stockholders of record March 26. George H. Robertson, Secretary.
The board of directors of the United States Worsted Company declares a regular quarterly dividend of 175 per share on First Preferred Stock payable April 1 to stockholders of record April 7. CHANNING W. SOUTHER, Treasurer.
Virtually the same influences as recent sessions guided the market with stock dividends easier money and strong sterling. Trading dwindled after the first hour as profit taking and rapid shifts among sectors increased volatility. Leaders included Stutz Motor and Vanadium Steel with notable gains, while exports fell and imports slipped.
The market shows a tentative rally in the industrials with the average near peak levels but a cautious tone persists. Railroads, led by Southern Pacific, are seen as poised for growth while Union Pacific remains less active. Traders fear a possible top and watch for a staged reaction and possible Fed intervention.
About 200 guests attended the C E Fay Allen Company's third annual banquet at Copley Plaza to mingle business and fellowship. Maxwell and Chalmers dealers from across New England joined F P Allen who touted the upcoming half million dollar automobile home on Commonwealth avenue and its state of the art service facilities for 5000 local Maxwell and Chalmers car owners. A message from Fay in California was read, followed by remarks from John J Plaith and I A Smith.
Farley and MacNeill, wholesale and retail tire distributors on Federal street, Boston, have adopted a pay as you ride plan for selling stock. The firm says the plan was risky at first yet eliminated inferior tires, attracting a clientele built on quality tires during the deferred payment period.
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